Latest In Anixter International
Bloomberg News: Potential buyers resisting price expectations.
Bloomberg report says Anixter working with Goldman Sachs Group to find a buyer for business.
Including unfavorable copper pricing and foreign exchange, sales decreased 3.2 percent.
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OEM supply sales declined by 2.3 percent from the prior year.
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Anixter CEO: ‘Europe is going to be challenging.’
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CEO: Expect strengthening results in the second half of the year.
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Electrical and Electronic Wire and Cable sales were up 18 percent in the fourth quarter.
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Profit fell 68 percent in the third quarter, to $19.8 million.
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Slowdown in sales growth driven by softness in data infrastructure market.
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The acquisition of the Peru-based company is part of Anixters Emerging Markets initiative.
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Excluding foreign exchange and copper pricing, sales were up 5% for Anixter.
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Fortune’s annual list of Most Admired Companies announced.
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Emerging markets posted the strongest sales growth for the global distributor.
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Anixter saw sales growth in all geographic regions during the quarter.
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Anixter Saudi Arabia Limited a ‘significant opportunity’ for Anixter.
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Anixter to sell division to Greenbriar Equity Group for $155M.
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Sales growth for the distributor of communication and security products, electrical and electronic wire & cable, fasteners and other small parts was broad-based across geographies.
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